Need Help?
Need professional advice for your consent to let with Ahli United Bank (UK) plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Sample questions relating to Ahli United Bank consent to let
- I have been granted consent to let from Ahli United Bank for a while now yet they now want to speak to me and I expect their motive may be to rid themselves of me. Can you help?
- A few months ago I let out my garden flat and have gained a Consent to Let with my bank. Half a year has now elapsed and they have upped my mortgage rate as previously advised. I cannot change to a more favourable product with them, as they will remove my consent to let. If I was to go with an alternative provider such as Ahli United Bank, would I be required to obtain a B2L loan or could I just remortgage and ask for further consent to let?
- As a result of changes in my personal circumstances I am planning to move in with my girlfriend this summer and I have let my property out to 2 students on a one year AST. The application for consent to let from Ahli United Bank is in hand but what if they refuse. I can’t renege on my contract in terms of backing out of renting the students as they have all signed up. On the other hand Ahli United Bank could take action for breach of contract i.e. letting it out in the absence of consent to let.
- At the moment I am looking to buy my first home however, I am self employed. I I would like to find a lender that allows short term letting with a domestic mortgage so that I could lease out the property for no more than six months with long periods of absence without being required to switch to a buy to let product. Are you able to advise me on how lenders would perceive this and specifically the stance taken by Ahli United Bank.
- My fiance and I wish to rent out my property. Do I just send a letter to Ahli United Bank requesting consent to let out the house?
- I am trying to investigate if it is possible to get a consent to let mortgage with Ahli United Bank rather than a buy to let mortgage
- Do you have the address to which a Consent to Let request to be sent for Ahli United Bank? Sorry about bothering you with this query.
- We would like to lease out my apartment to be nearer to my son’s uni and take care of my father. What do I need for the application of consent to let from Ahli United Bank?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in further to the above Ahli United Bank consent to let Info
Tax and Legal
There may be various tax and legal (from restrictions on title, lease prohibitions to planning issues) implications when letting out your property. You should always seek the advice of a solicitor and accountant before letting out your property.
Insurance
Omitting to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. As a minimum you should ensure that you are covered for any third party liability in respect of injuries to your tenant whilst at your property
Leasehold properties
Should the tenure of your property be leasehold, the provisions in the lease may prevent you from letting or require that you to have a license to do so from the freeholder. If such conditions are not complied with you may be in violation of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to inform your co-owner of your intention to let could result in them taking legal action against you. Be sure to obtain their consent in writing.
If you do not keep up the payments on your mortgage with Ahli United Bank your property may be repossessed